Abbrea Capital, LLC (Sausalito)


Abbrea Capital, LLC is a large advisory firm based in Sausalito. It manages $558.84 million of regulatory assets for 631 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, and Texas.

Abbrea Capital provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Abbrea Capital: assets under management

The assets under management (AUM) of Abbrea Capital, LLC is $558.84 million. The firm's AUM has grown by 282% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $538.28 million in discretionary accounts and $20.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $923.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $428.28 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abbrea Capital, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Abbrea Capital serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Abbrea Capital is high net worth individuals with 169 clients and $525.2 million of assets under management. Among the 7 most similar advisory firms, Abbrea Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $558.84 million for 228 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Abbrea Capital doesn't advise any private funds.

Careers at Abbrea Capital, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Reed Hudson Managing director and member 1 Jun 2015 Other 5312926
Steven Edward Cutcliffe Managing director, manager and member 1 Jun 2015 25% - 50% 4369655
William David Osher Managing director, manager, member and cco 1 Jun 2015 25% - 50% 1745860
William Clark Hageboeck Managing director and member 1 Jul 2016 25% - 50% 2397496

Based in Sausalito

The principal office where Abbrea Capital, LLC performs its advisory services is located at Three Harbor Drive, Sausalito, CA 94965, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 894-0077 or by fax (415) 619-5498. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at abbrea.com.